Lower Saxony: LAHAV acquires last part of a of a nationwide retail portfolio

With the acquisition of two properties in Lower Saxony, the Israeli LAHAV Family Office has completed the purchase of a property portfolio with a total of 13 retail properties. The first 7 locations in western and southern Germany were acquired at the end of 2023. A further 4 locations in eastern Germany were added at the beginning of the year. The final transaction in this nationwide portfolio has now been completed with the purchase of the two properties in northern Germany.

The two properties are a food market in Merzen and a retail park in Cuxhaven. The property in Merzen is located on a plot of around 13,642 m² and is let to a Combi supermarket with an area of around 1,982 m². The property in Cuxhaven was built on a plot of nearly 15,100 m² and has a total rental area of around 6,531 m², which is let to the retail chains Hammer, Jawoll and Fressnapf. DRIA GmbH, which represents LAHAV throughout Germany, is responsible for the transaction and the subsequent asset management of the property. The parties have agreed not to disclose the purchase price.

Buyer: LAHAV, Mönchengladbach

Seller: Property company, Limburg